Nuveen Municipal Credit Income Fund
62 hedge funds and large institutions have $94.9M invested in Nuveen Municipal Credit Income Fund in 2013 Q4 according to their latest regulatory filings, with 15 funds opening new positions, 16 increasing their positions, 21 reducing their positions, and 9 closing their positions.
67% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 9
19% more capital invested
Capital invested by funds: $79.7M → $94.9M (+$15.1M)
9% more funds holding
Funds holding: 57 → 62 (+5)
3.5% more ownership
Funds ownership: 15.37% → 18.87% (+3.5%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
24% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 21
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$16.9M |
| 2 |
OHA
Oak Hill Advisors
New York
|
+$3.58M |
| 3 |
GEM
Global Endowment Management
Charlotte,
North Carolina
|
+$2.8M |
| 4 |
Wells Fargo
San Francisco,
California
|
+$2.74M |
| 5 |
PNC Financial Services Group
Pittsburgh,
Pennsylvania
|
+$1.84M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
-$6.74M |
| 2 |
CRAM
Claren Road Asset Management
New York
|
-$5.05M |
| 3 |
Morgan Stanley
New York
|
-$1.49M |
| 4 |
TCM
Texan Capital Management
Houston,
Texas
|
-$1.49M |
| 5 |
AQR Capital Management
Greenwich,
Connecticut
|
-$1.34M |
NZF Hedge Fund Activity: Q4 2013 in Review
62 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Nuveen Municipal Credit Income Fund (NZF) for Q4 2013, worth a combined $94.9M — up 19% from $79.7M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new NZF positions and 9 closed out — a net gain of 6 holders — while 16 added to existing stakes and 21 trimmed.
The largest buyer was Karpus Investment Management, adding an estimated $16.9M. The largest seller was Fir Tree Capital Management, exiting entirely with an estimated $6.74M sold.
- 62 institutional investors held Nuveen Municipal Credit Income Fund (NZF) as of Q4 2013, up from 57 in Q3 2013.
- Funds reported $94.9M of Nuveen Municipal Credit Income Fund stock for Q4 2013, up 19% quarter-over-quarter.
- 15 funds opened new Nuveen Municipal Credit Income Fund positions in Q4 2013 and 9 closed out, a net change of +6 holders.
- The largest Nuveen Municipal Credit Income Fund buyer in Q4 2013 was Karpus Investment Management, an estimated $16.9M added.
- The largest Nuveen Municipal Credit Income Fund seller in Q4 2013 was Fir Tree Capital Management, an estimated $6.74M sold.
Based on aggregated 13F filings for Q4 2013.